Credit Industriel ET Commercial bought a new position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 54,985 shares of the company's stock, valued at approximately $4,089,000. Liberty Broadband accounts for 0.5% of Credit Industriel ET Commercial's portfolio, making the stock its 24th largest position.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Liberty Broadband by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock worth $108,773,000 after buying an additional 49,547 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Liberty Broadband during the fourth quarter worth about $35,441,000. Seizert Capital Partners LLC grew its position in shares of Liberty Broadband by 7.5% in the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock worth $31,521,000 after acquiring an additional 29,477 shares in the last quarter. Long Focus Capital Management LLC boosted its holdings in shares of Liberty Broadband by 3.8% in the 4th quarter. Long Focus Capital Management LLC now owns 321,800 shares of the company's stock valued at $23,929,000 after buying an additional 11,700 shares during the period. Finally, Geode Capital Management LLC increased its position in Liberty Broadband by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 249,612 shares of the company's stock worth $18,575,000 after buying an additional 27,059 shares during the period. 10.29% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Broadband Price Performance
Shares of NASDAQ:LBRDA traded up $1.48 on Tuesday, hitting $87.38. The stock had a trading volume of 40,659 shares, compared to its average volume of 153,792. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 16.12 and a beta of 1.03. The firm's 50 day moving average price is $80.80 and its 200-day moving average price is $80.87. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a twelve month low of $49.24 and a twelve month high of $100.44.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.31. The business had revenue of $263.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.
Wall Street Analyst Weigh In
Separately, Benchmark cut their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $86.20.
View Our Latest Report on LBRDA
Liberty Broadband Company Profile
(
Free Report)
Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.
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